Would not like to trade in ONGC now: Trivedi

Amit Trivedi, Director of Fin Stream Financial Advisors said they would not like to go and trade in ONGC at this point of time.
 
Trivedi told CNBC-TV18, “ONGC has really moved up to around Rs 340 levels. We think trading using options should be slightly complicated because the option volatility of ONGC has to around 43 percent. So buying ONGC at these prices, buying a 340 straddle for example, would start making losses the moment the volatility goes down and it will happen if the stock stabilises.”
 
“Selling straddle at 340 again becomes difficult because ONGC has moved in a new territory. We would not like to go and trade in ONGC at this point of time,” Trivedi said.